Ambiq Micro Grabs $15M Series C Round

November 11, 2014

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Ambiq Micro develops ultra-low power integrated circuits for power-sensitive applications, its platform helping cut energy consumption by reducing the voltage level at which switching occurs inside chips. Target applications for the technology include wearables, smart cards, wireless sensors and the Internet of Things. With its fresh $15 million Series C, Ambiq has now raised close to $32 million in VC from firms including Draper Fisher Jurvetson and Huron River Ventures Partners, among others. In its penultimate raise—a $10 million Series B in August 2013—it received a valuation of near $22 million.